With Covid-19 facilitating the widespread adoption of remote working practices, some emerging markets are seeking to attract digital nomads through a series of incentives and special visas.
Economy
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– Global supply chains severely disrupted by Covid-19
– Multinationals turn to China +1 and nearshoring
– Worldwide increase in regionalisation and localisation
– Major regional trade deals signed or accelerated
– Efforts to address structural vulnerabilities to the economic and health effects of Covid-19
– Significant private sector stimulus complemented the public response
– Despite severe economic fallout, a number of countries recorded positive growth
– Implementation of AfCFTA to support greater regional trade in the future
– Economies in the region were hit by reduced trade volumes and lower oil prices
– Governments launched extensive stimulus packages to stabilise their economies
– Short-term recovery will be tied to oil prices and the resumption of travel
– The pandemic looks set to accelerate economic diversification efforts
Economic view | Salem Yousef Al Qaseer, Chairman, Labour Standards Development Authority (LSDA)
15 Dec 2020
What steps and measures has the LSDA put in place to limit the spread of Covid-19 and mitigate its social and economic impact?
Economic update | Covid-19 Economic Impact: Latin America and the Caribbean Year in Review 2020
11 Dec 2020
– Latin America has been particularly vulnerable to the effects of Covid-19
– The pandemic has spurred the development of digital ecosystems
– Innovative solutions have been key to safeguarding the agricultural sector
– Colombia and Mexico look set to benefit from a rise in nearshoring